DSV Panalpina Rename to Follow Merger Completion

DSV has announced an all share voluntary public tender offer for all publicly held shares of Panalpina. DSV and Panalpina have reached an agreement on the terms and conditions of a combination by way of a Public Exchange Offer to all Panalpina shareholders.

If the offer is successful, DSV and Panalpina will become one of the world’s largest transport and logistics companies with a pro forma revenue of approximately DKK 118 billion and a workforce of more than 60,000 employees operating in 90 countries.

Following completion, DSV will propose to its shareholders, at an extraordinary general meeting, to change its name to ‘DSV Panalpina A/S’, which reflects the long, rich history of both companies.